Filed: 8/14/2025ACC: 0001172661-25-003237
📋 What this filing means
SMEAD CAPITAL MANAGEMENT, INC. filed this quarterly 13F‑HR report disclosing 33 equity positions with a total reported market value of $4.99B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
33
Positions
$4.99B
Total AUM (reported)
87.83M
Total Shares
Allocation by class
COM$4.60B92.2%
CL A$232.05M4.6%
COM SER N$154.54M3.1%
*W EXP 08/03/202$3.19M0.1%
RUS 1000 VAL ETF$679.1K0.0%
VALUE ETF$270.4K0.0%
Portfolio Concentration
Top 3$873.78M17.5%
4–10$1.67B33.5%
11–25$2.20B44.1%
Rest$246.47M4.9%
Top 3 weight
17.5%
Top 10 weight
51.0%
Voting Authority Distribution
Total shares with voting rights: 87.83M
Sole
Full voting authority
87.83M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole33
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings33
Rows:
SIMON PPTY GROUP INC NEW
SOLEShares2.06M
TypeSH
Market value$331.49M
6.64%
Sole
2.06M
Shared
0.00
None
0.00
AMERICAN EXPRESS CO
SOLEShares884.73K
TypeSH
Market value$282.21M
5.65%
Sole
884.73K
Shared
0.00
None
0.00
MACERICH CO
SOLEShares16.07M
TypeSH
Market value$260.08M
5.21%
Sole
16.07M
Shared
0.00
None
0.00
MERCK & CO INC
SOLEShares3.27M
TypeSH
Market value$258.64M
5.18%
Sole
3.27M
Shared
0.00
None
0.00
AMGEN INC
SOLEShares922.97K
TypeSH
Market value$257.70M
5.16%
Sole
922.97K
Shared
0.00
None
0.00
D R HORTON INC
SOLEShares1.98M
TypeSH
Market value$255.24M
5.11%
Sole
1.98M
Shared
0.00
None
0.00
CENOVUS ENERGY INC
SOLEShares17.55M
TypeSH
Market value$239.00M
4.79%
Sole
17.55M
Shared
0.00
None
0.00
LENNAR CORP
SOLEShares2.10M
TypeSH
Market value$232.05M
4.65%
Sole
2.10M
Shared
0.00
None
0.00
EBAY INC.
SOLEShares2.93M
TypeSH
Market value$218.35M
4.37%
Sole
2.93M
Shared
0.00
None
0.00
NVR INC
SOLEShares28.49K
TypeSH
Market value$210.39M
4.21%
Sole
28.49K
Shared
0.00
None
0.00
APA CORPORATION
SOLEShares10.94M
TypeSH
Market value$200.12M
4.01%
Sole
10.94M
Shared
0.00
None
0.00
TARGET CORP
SOLEShares1.97M
TypeSH
Market value$194.65M
3.90%
Sole
1.97M
Shared
0.00
None
0.00
JPMORGAN CHASE & CO.
SOLEShares648K
TypeSH
Market value$187.86M
3.76%
Sole
648K
Shared
0.00
None
0.00
BANK AMERICA CORP
SOLEShares3.65M
TypeSH
Market value$172.66M
3.46%
Sole
3.65M
Shared
0.00
None
0.00
OCCIDENTAL PETE CORP
SOLEShares4.07M
TypeSH
Market value$171.05M
3.42%
Sole
4.07M
Shared
0.00
None
0.00
CONOCOPHILLIPS
SOLEShares1.89M
TypeSH
Market value$169.38M
3.39%
Sole
1.89M
Shared
0.00
None
0.00
OVINTIV INC
SOLEShares4.36M
TypeSH
Market value$165.73M
3.32%
Sole
4.36M
Shared
0.00
None
0.00
U HAUL HOLDING COMPANY
SOLEShares2.84M
TypeSH
Market value$154.54M
3.09%
Sole
2.84M
Shared
0.00
None
0.00
HOME DEPOT INC
SOLEShares406.27K
TypeSH
Market value$148.96M
2.98%
Sole
406.27K
Shared
0.00
None
0.00
DIAMONDBACK ENERGY INC
SOLEShares1.05M
TypeSH
Market value$144.78M
2.90%
Sole
1.05M
Shared
0.00
None
0.00
QUALCOMM INC
SOLEShares721.68K
TypeSH
Market value$114.93M
2.30%
Sole
721.68K
Shared
0.00
None
0.00
WESTERN ALLIANCE BANCORP
SOLEShares1.44M
TypeSH
Market value$111.92M
2.24%
Sole
1.44M
Shared
0.00
None
0.00
CREDIT ACCEP CORP MICH
SOLEShares216.81K
TypeSH
Market value$110.45M
2.21%
Sole
216.81K
Shared
0.00
None
0.00
UNITEDHEALTH GROUP INC
SOLEShares252.44K
TypeSH
Market value$78.75M
1.58%
Sole
252.44K
Shared
0.00
None
0.00
ULTA BEAUTY INC
SOLEShares165.16K
TypeSH
Market value$77.26M
1.55%
Sole
165.16K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SIMON PPTY GROUP INC NEWSOLE | COM | 2.06M | SH | $331.49M 6.64% | 2.06M | 0.00 | 0.00 |
AMERICAN EXPRESS COSOLE | COM | 884.73K | SH | $282.21M 5.65% | 884.73K | 0.00 | 0.00 |
MACERICH COSOLE | COM | 16.07M | SH | $260.08M 5.21% | 16.07M | 0.00 | 0.00 |
MERCK & CO INCSOLE | COM | 3.27M | SH | $258.64M 5.18% | 3.27M | 0.00 | 0.00 |
AMGEN INCSOLE | COM | 922.97K | SH | $257.70M 5.16% | 922.97K | 0.00 | 0.00 |
D R HORTON INCSOLE | COM | 1.98M | SH | $255.24M 5.11% | 1.98M | 0.00 | 0.00 |
CENOVUS ENERGY INCSOLE | COM | 17.55M | SH | $239.00M 4.79% | 17.55M | 0.00 | 0.00 |
LENNAR CORPSOLE | CL A | 2.10M | SH | $232.05M 4.65% | 2.10M | 0.00 | 0.00 |
EBAY INC.SOLE | COM | 2.93M | SH | $218.35M 4.37% | 2.93M | 0.00 | 0.00 |
NVR INCSOLE | COM | 28.49K | SH | $210.39M 4.21% | 28.49K | 0.00 | 0.00 |
APA CORPORATIONSOLE | COM | 10.94M | SH | $200.12M 4.01% | 10.94M | 0.00 | 0.00 |
TARGET CORPSOLE | COM | 1.97M | SH | $194.65M 3.90% | 1.97M | 0.00 | 0.00 |
JPMORGAN CHASE & CO.SOLE | COM | 648K | SH | $187.86M 3.76% | 648K | 0.00 | 0.00 |
BANK AMERICA CORPSOLE | COM | 3.65M | SH | $172.66M 3.46% | 3.65M | 0.00 | 0.00 |
OCCIDENTAL PETE CORPSOLE | COM | 4.07M | SH | $171.05M 3.42% | 4.07M | 0.00 | 0.00 |
CONOCOPHILLIPSSOLE | COM | 1.89M | SH | $169.38M 3.39% | 1.89M | 0.00 | 0.00 |
OVINTIV INCSOLE | COM | 4.36M | SH | $165.73M 3.32% | 4.36M | 0.00 | 0.00 |
U HAUL HOLDING COMPANYSOLE | COM SER N | 2.84M | SH | $154.54M 3.09% | 2.84M | 0.00 | 0.00 |
HOME DEPOT INCSOLE | COM | 406.27K | SH | $148.96M 2.98% | 406.27K | 0.00 | 0.00 |
DIAMONDBACK ENERGY INCSOLE | COM | 1.05M | SH | $144.78M 2.90% | 1.05M | 0.00 | 0.00 |
QUALCOMM INCSOLE | COM | 721.68K | SH | $114.93M 2.30% | 721.68K | 0.00 | 0.00 |
WESTERN ALLIANCE BANCORPSOLE | COM | 1.44M | SH | $111.92M 2.24% | 1.44M | 0.00 | 0.00 |
CREDIT ACCEP CORP MICHSOLE | COM | 216.81K | SH | $110.45M 2.21% | 216.81K | 0.00 | 0.00 |
UNITEDHEALTH GROUP INCSOLE | COM | 252.44K | SH | $78.75M 1.58% | 252.44K | 0.00 | 0.00 |
ULTA BEAUTY INCSOLE | COM | 165.16K | SH | $77.26M 1.55% | 165.16K | 0.00 | 0.00 |
Page 1 of 2